Picture Framers in Lancashire For Sale

Unopposed trading position, office and commercial area, Lancashire.

Turnover £ 4,200
Price £115,000

Features

Bespoke Picture Framers

5 DAYS OPENING
Excelent Website and Domain Name generating 80% of sales.
PREMISES in the region of 1,050 ft²

Retail Shop area, carpet tiled floor, suspended ceiling with spot and fluorescent lighting

Work shop

2 offices.

2 x Toilet with w.c. and wash hand basin.

Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,250 p.w. with about £3,000 - £3,500 p.w. online sale via website

Staff

The business is at present operated by the Husband & Wife team with 1 part time staff employed.

Trading Hours

5 Day week
MONDAY - FRIDAY 9am - 4pm
Saturday by appointment only

Outside

Parking space for 3/4 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (family company) granted for 3 years in 2022 with reviews every 3 years (next review 2025) at a current rent of £9,250 p.a. + VAT In addition we understand there is a Service charge of £675 p.a. approx. + VAT

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME FAMILY 2000, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £115,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 57,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote